Office building with commercial space · South Bronx, Bronx

391 East 149th Street

Bronx, NY 10455

391 East 149th Street is a 6-floor office building with commercial space in the South Bronx, Bronx, built in 1908, with about 56,000 square feet of office space according to city records.

Also at 383-399 East 149th Street and 551-559 Melrose Avenue.

Office space
56K SF
Floors
6
Year built
1908
Zoning
C4-4

Office space next to its nearest neighbors

  1. 384 East 149th Street1 min walk58K SF
  2. 391 East 149th StreetThis building56K SF
  3. 373 East 148th Street1 min walk53K SF
  4. 369 East 149th Street1 min walk37K SF

The 10th largest of the 17 office buildings we track in the South Bronx. Compare it with 6 neighbors

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Compared with its neighbors

How 391 East 149th Street compares

Next to the 6 nearest large office buildings, all within a 2 minute walk, 391 East 149th Street ranks 4th of 7 by office floor area. It went up in 1908; the median neighbor dates from 1929. Its estimated property tax, about $13.53 a square foot of floor area before abatements, is above the neighbors' median of $7.45.

391 East 149th Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
391 East 149th StreetThis building56K SF61908$13.53n/a
384 East 149th Street1 min walk58K SF61930$9.13Feb 2011, $17.6M
369 East 149th Street1 min walk37K SF121929$6.56Sep 2013, $4.4M
373 East 148th Street1 min walk53K SF31931$5.68n/a
521 Bergen Avenue1 min walk43K SF61904$6.63Aug 2019, $11.8M
349 East 149th Street2 min walk59K SF101927$8.27n/a
362 Courtlandt Avenue2 min walk65K SF62020$9.58n/a
The 10th largest of the 17 office buildings we track in the South Bronx: see the full list

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other addresses
383-399 East 149th Street; 551-559 Melrose Avenue
ZIP code
10455
Building type
Office building with commercial space (city class O5)
Total floor area
75,952 SF
Commercial floor area
75,952 SF
Office
55,952 SF
Retail
20,000 SF
Height
6 floors
Average floor
About 12,700 SF (floor area divided by floors)
Year built
1908
Lot area
14,000 SF
Zoning district
C4-4
Built FAR
5.43
Max commercial FAR
3.4
Tax lot (BBL)
2023280025

Nearest subway

  • 3 Av-149 St1 min walk · Accessible station
  • 149 St-Hostos9 min walk · Accessible station
  • Jackson Av11 min walk · Not accessible

Nearby large buildings

All 10 large commercial buildings on East 149th Street

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists MELROSE LLC as the owner of record. For tax year 2026/27 the city values 391 East 149th Street at $24.1 million and assesses it at $10.8 million. After phase-ins and exemptions its taxable value is $9.48 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.03 million a year before abatements, roughly $13.53 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
MELROSE LLC
Tax class
Class 4 (commercial and industrial)
City market value
$24,056,000
Land market value
$437,000
Assessed value
$10,825,200
Taxable value (phased in)
$9,476,460
Estimated yearly tax
About $1.03 million
Tax per SF of floor area
About $13.53

City market value by tax year

  • 2022/23$17 million
  • 2023/24$18.9 million
  • 2024/25$22.1 million
  • 2025/26$23.2 million
  • 2026/27$24.1 million

Market value rose 42% from 2022/23 ($17 million) to 2026/27.

How the South Bronx compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of itHow NYC commercial property tax works

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How to find who owns any NYC building

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

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NYC energy benchmarking (Local Law 84)

Energy use and emissions

391 East 149th Street's 2023 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 107.3 kBtu per square foot, 2.1 times the national median of 50.9 for a similar property. Its greenhouse gas emissions were about 805 metric tons of CO2e (10.6 kg per square foot).

ENERGY STAR score (2023)
None given
Property type (Portfolio Manager)
Office
Site energy use intensity
107.3 kBtu/SF
National median for the type
50.9 kBtu/SF
Greenhouse gas emissions
805 t CO2e
Emissions per SF
10.6 kg CO2e
Floor area in the filing
75,952 SF

Energy sources in 2023

  • Electricity71%
  • Fuel oil29%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2023 filing), pulled 2026-10-16; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.

Local Law 97 of 2019, estimated

Local Law 97 emissions limit

At its 2023 energy use, 391 East 149th Street comes to about 665 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 576 tons for 2024 to 2029: about 90 tons over, an estimated penalty of $24,000 a year. From 2030 the limit drops to 195 tons and the same energy use counts as about 421 tons, about 226 tons over, or an estimated $60,000 a year unless the building cuts its emissions.

Period
2024 to 2029
Emissions limit
576 t CO2e
Estimated emissions
665 t CO2e
Over the limit by
90 t CO2e
Estimated penalty a year
$24,000
Period
2030 to 2034
Emissions limit
195 t CO2e
Estimated emissions
421 t CO2e
Over the limit by
226 t CO2e
Estimated penalty a year
$60,000

Estimated from the owner's 2023 Local Law 84 filing, which reports energy by source and floor area by use: Office 59,952 SF; Retail Store 16,000 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.

Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.

How Local Law 97 works: who is covered, the 2030 limits and what owners, tenants and buyers should check.

Own or manage 391 East 149th Street? List a space here free and we match it against every active requirement.

NYC Department of Buildings permits

Work permits and build-outs

The Department of Buildings issued no permits for new jobs at 391 East 149th Street in the 12 months to October 2026; the last one was first permitted in September 2023.

New jobs, last 12 months
0
Initial permits, last 12 months
0
Newest job first permitted
September 2023
Interior build-outs, last 24 months
0

New jobs by year

  • 20211
  • 20225
  • 20231
  • 20240
  • 20250
  • 2026 to date0

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

No office space listed in the South Bronx yet

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Questions about 391 East 149th Street

How big is 391 East 149th Street?

391 East 149th Street has about 76,000 square feet of floor area in total, including 56,000 square feet of office and 20,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 391 East 149th Street built?

City records list 1908 as the year built. The building is 6 floors tall.

What other addresses does 391 East 149th Street have?

City records list 383-399 East 149th Street and 551-559 Melrose Avenue on the same tax lot (BBL 2023280025) as 391 East 149th Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 391 East 149th Street?

391 East 149th Street is in ZIP code 10455, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 391 East 149th Street, Bronx, NY 10455, in the South Bronx.

What is the zoning at 391 East 149th Street?

The lot is in the C4-4 zoning district. PLUTO lists a built floor area ratio (FAR) of 5.43 and a maximum commercial FAR of 3.4 for this lot.

What subway station is closest to 391 East 149th Street?

The closest subway station to 391 East 149th Street is 3 Av-149 St (the 2 and 5 trains), about 150 feet away in a straight line, roughly 1 minute on foot. The MTA lists it as an accessible station. Also nearby: 149 St-Hostos (the 2, 4 and 5 trains), 9 min walk; Jackson Av (the 2 and 5 trains), 11 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 391 East 149th Street?

The NYC Department of Finance's 2026/27 assessment roll lists MELROSE LLC as the owner of record of 391 East 149th Street (BBL 2023280025). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

Does 391 East 149th Street have an energy grade?

391 East 149th Street's 2023 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 107.3 kBtu per square foot, 2.1 times the national median of 50.9 for a similar property. Its greenhouse gas emissions were about 805 metric tons of CO2e (10.6 kg per square foot).

Does 391 East 149th Street meet Local Law 97?

At its 2023 energy use, 391 East 149th Street comes to about 665 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 576 tons for 2024 to 2029: about 90 tons over, an estimated penalty of $24,000 a year. From 2030 the limit drops to 195 tons and the same energy use counts as about 421 tons, about 226 tons over, or an estimated $60,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2023 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.

Is there construction at 391 East 149th Street?

The Department of Buildings issued no permits for new jobs at 391 East 149th Street in the 12 months to October 2026; the last one was first permitted in September 2023. These are the Department of Buildings' DOB NOW work permits for tax lot 2023280025. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 391 East 149th Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.48 million for 391 East 149th Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.03 million a year, roughly $13.53 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 2023280025 show the actual bill.

What is the assessed value of 391 East 149th Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 391 East 149th Street at $24.1 million ($437,000 of it land) and its assessed value at $10.8 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 42% from 2022/23 ($17 million) to 2026/27.

Is there office space for lease at 391 East 149th Street?

No space at 391 East 149th Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

2,723 buildings from city records

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